Lisa Mateo
speaker
1,758 appearances
189 recordings
6 series
first heard Jul 2025
last heard 6d ago
Lisa Mateo’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 188 in all, peaking in Feb 2026 with 84.
Appearances
Your main takeaway from the call last night is the same that we've been talking about all morning.
Compute equals inference, which equals revenues.
And the way that Jensen Wong explained that was profitable tokens.
In other words, customers of all kinds are willing to pay for the output of an AI model and that actually the economics have improved.
The thing is, I don't see any evidence of that in any of the software companies' earnings yet.
Do you?
Not yet.
I don't think so.
Part of that is capacity, though, Ed.
I mean, you heard Microsoft say they took some of their own capacity, but you heard them say, and Amazon too, we can fill whatever we get immediately in terms of demand, but they don't have enough capacity.
So I guess I would look at it two ways.
One is if you go back and look at CapEx in the 90s.
It was about a two standard deviation above the mean spend in tech CapEx.
We're not even one standard deviation away from the mean.
And one man's CapEx spend is another man's revenue.
So AMD, NVIDIA, Broadcom, names we all own, will continue to benefit.
And here's the last thing I'll say.
60% earnings growth at NVIDIA, a P.E.
of somewhere around 23 to 24.
Procter & Gamble, 2% earnings growth on next year's earnings and a P.E.
Showing 1001–1020 of 1,758 · page 51 of 88
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